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<br />05/12/05 THU 14:46 FAX 308 384 6556
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<br />Cl"Nl\I~GJLl:j LAW OFFICE GI
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<br />IQOOll
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<br />200603940
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<br />h. d.eems best and to colleet the r'elltll anl1 revenues and apply the
<br />0;;- upon unpaid inter.lilt. prineipal, taxel or insur.mce prllllliUlllll
<br />Or for lIIllintenance and pr:e8ervatiQU of the premilles.
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<br />I. The waiver by TRUSTIm or BKIlBFICIARl( of ;my <ieflllulol: ot TRUSTORS
<br />under thill geed of Truilt, on OlIe occasion, IiIhall not be or be
<br />deemed co be a waiver of any other or lIimilar l1efit,ultll Iiluhileq\loeutly
<br />Occu=ing .
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<br />oJ. It title to any part ot the prcperty herein IIhall be tzUam in
<br />eondllllll1ation pl."oc..dingll, hy right of ell\ineDt domain, or IIimilar
<br />action, or Ihall be laId under t~at of cgqde~tion, all awarde,
<br />damagee and proclteclll are hereby ...signed and llhall be paid to t:hll
<br />BENKPrCIARY, who Shall apply I~ payment, or any part ~er..of, in
<br />cheir aole discretion, to the sum due at tn.t time on this Deed or
<br />=st .ull1 Trullt Deed Note, with a:ny balanc:e above t:he lUllQWIt c:lue
<br />hereuncl.elr payable to the TRUSTORS.
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<br />(C. The BlIlIlEFICIARY, their ageDt. or repreSantati vel, are hareby
<br />authorized to enter, at any rell.llOl1abl.. tillle. upon any part at the
<br />truet prDP.~Y for the purposes Qf inspeeting the same aDd for the
<br />purpolle ot pe:do~ an,y of the act I the.y are authorized to
<br />perfo~ undar the te~ of this Deed of Trust and otber
<br />ilCccmpanying dOC:UIMntll.
<br />
<br />L. Thiu Deed of Trullt and all accompanying doCUlllllllltll ar", lIuhject to,
<br />COI1.!Itruct..d and govemed ~ the lawa lIf the Stato of NeJ)rallka for
<br />all purpoeeo.
<br />
<br />M. ID. the event any one or lIIOre of t:he pnlvision. contained in thh
<br />Del'ld of Tx'uat, 1'ruIIt Deed lIIote, or any othel." in.t:r:ument given in
<br />connectiotl w.l.tb. thia trlU'Ulaetion, shall for atty reason be h8ld to
<br />~ ievalid, illegal or unenfOX'ceabl. in iUly rllSp..ct, au"h
<br />i~lidity, illegality, or unenforceilhility shall, at the option of
<br />the BENEFICIARY, net. affect my otMr provil'liOrtll of this D..ed of
<br />Trust or Trul!lt Deed IIOte, but thill Deed of Trullt and Trul!lt Deed
<br />Note sball be conlltrued all if euch invalid. illegal or
<br />unenforceable provision had nevi'll." beeD. contained therein, it being
<br />the intention of the parties that the provisions of this Oe.d of
<br />Trust are declared to be. .~~bl..
<br />
<br />N. TRUSTOllS hereby ....dve th..ir dght to lSedgnate the property subject
<br />to this Deed of Trurt iUI a hCfllClltead under Neb. Rev. Stae. 5 40-101
<br />(R...i8111,)e 19'3).
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<br />o. 'I'his Oeed of TrUlllt Dhall inure to and bind the beirs, devise",,,_
<br />peJ."sonal representatives, BUCC....,.OTS and a'"~ign" or tbe part i..
<br />hereto.
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<br />The TRUSTORS requel!lt that a copy ot any Hot:1C1!1 of DefiLult and of any
<br />Notice ot Sale hereunder be mailed to them at the addreall he~ein set forth, or
<br />,"ucb other address u they .....y provide to the TRUG'I'1lE and Dmml'ICIAAY.
<br />TRt1STOtlS ack:nowledge that all 'I'RUll'roRS, tlMy UIlderlltand t:hat: the document th..y
<br />.."'" =..Cll,ltinq he~il). ia a Deed or Tnllt alld not it lllOzotgage, and that the powr
<br />of eale provided for' in this Deed of Tx'u..t provides suhst.ll.l1tially different
<br />rights and ohligation. tbAD a mortgag.. II.lld in an ev..nt of default or br..aoh of
<br />the oOligatioDII IIl1t fortb herein, ~ !RUSTlE aDd the BBNEPICIARY may t~ 6uch
<br />."eioD all herein provided, iDcluding the exercise of the power of ..al...
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<br />EXECUTBD the date firat above written.
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